Yahoo stock drops like a bomb after deal

Yahoo made a deal yesterday which Carol Bartz believed to be a better deal than the one last year. Steve Ballmer said it was a 'different' deal. Who do the shareholders believe? I'm afraid they might not be so happy with this deal. The Yahoo stock dropped like a bomb yesterday after the news of the deal came out.

The stock dropped more than 10 percent and went down to 15.14, starting the day at 17.22. Microsoft went up slightly from 23.47 to 23.72. Though Bartz claimed Yahoo's income would increase with no less than $500 million over the next two years, the analysts will wait and see what happens.

Comments (1)

paul Aelen

Stockholders of Yahoo wanted a take over of course by Msoft. Hereby their would be a huge payment above the stockprice paid by Msoft...this is a good deal but no instant money for the stockholders of Yahoo

Do 30 jul 2009, 15:39

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